Home Refinance Page

Refinancing can help you accomplish many different goals. The most common reasons to refinance include reducing your interest rate or payment, converting from an adjustable to a fixed rate, or pulling cash out of your equity to consolidate debt or im...

Reasons to Refinance Page

Are you ready to refinance your mortgage? Depending on your current situation, refinancing could be used as a valuable tool to help you achieve your short or long-term financial goals.What does it mean to refinance?When you refinance your mortgage, y...

Refinance Process Page

Step 1: Identify objectives – What would you like to achieve from refinancing your home? Lowering your current interest rate or gaining additional cash for home renovations, investments or life events could all be reasons to refinance.Step...

Website Accessibility Page

Address: 3 Commercial Place, Suite 1200, Norfolk, VA 23510Telephone:(888) 637-1321 TowneBank Mortgage is committed to providing excellent member service to all people regardless of ability. We want members and visitors to navigate, use, and interac...

Career Opportunities Page

When you join our team, take pride in knowing that your work positively impacts others. We offer a space where self-starters, problem solvers and entrepreneurial spirits excel. Competitive benefitsResources needed to succeedAdvanced technologyIn...

About Us About Us

Inspired by our hometown roots, we’re committed to providing our borrowers with a personalized mortgage experience. From pre-qualification to the closing table, our loan officers are dedicated to ensuring that you’re comfortable and confi...

USDA Loan Product

Up to 100% financing availableFor moderate-income familiesFlexible credit guidelinesSeller can pay borrower closing costs

Jumbo Loan Product

Loan amounts exceeding the conventional limitsPrivate mortgage insurance not always requiredAs little as 10% downFinancing available for primary and secondary residences

All Categories Page

Coastal Corner All CategoriesHome & LifestyleHelpful tips to enhance your home and improve your lifestyle.CareersLearn more about career options and benefits available to you at Coastal Towne Mortgage.MortgageHelpful tips and information on credi...

VA and FHA Cut Costs for Home Buyers Article

Huge news for home buyers! The FHA and VA recently reduced their Mortgage Insurance Premium and Funding Fee, respectively. This will help FHA and VA home buyers save money on their home purchase or refinance.FHA: The Federal Housing Administration ...

Application Check-list Page

Now is the time to purchase your dream home, and start investing in your future. Use this checklist to help you keep track of the documents you will need throughout the mortgage process!Valid Driver's License or Military IDAddresses for rental or...

Partners Page

Conventional Loan Product

Up to 97% financing of your loanStable rate and principle paymentsEasy-to-understand loan termsCompetitive interest rates15 or 30 year terms

FHA Loan Product

As little as 3.5% down paymentLess than perfect credit can applyGuaranteed by the Federal Housing AuthoritySeller can pay borrower closing costsFixed rate and ARM (Adjustable Rate Mortgage) options. Payment may increase after consummation.

VA Loan Loan Product

Available to active and retired militaryUp to 100% financing availableNo private mortgage insuranceReasonable credit qualificationsNo early payoff penalties

Fixed-Rate Mortgage Page

A fixed-rate mortgage is a type of home loan for which the interest rate is set when you take out the loan and it will not change during the term of the loan.How are interest rates determined?Interest is the cost of borrowing funds from a lending ins...

Rent vs. Own Page

It's important to understand the benefits of owning your home. Purchasing your home can be a big commitment, but it comes with many rewards. Read more about the benefits that come with homeownership:• Never worry about an expiring lease or r...

Loan Process Do's and Dont's Page

DOContinue making mortgage or rent paymentsStay current on all existing accountsContinue working at current employerKeep the same insurance companyContinue living at current residenceContinue to use credit as normalCall your loan officer if you have ...

VA Home Loans Page

A Veterans Affair (VA) Loan is a home loan designed to help finance homes for Veterans, eligible members of the military, and some surviving spouses. Backed by the government, the VA Loan offers flexible lending guidelines for military members, veter...

Mortgage update on forbearances and eligibility restrictions Article

Mortgage update on forbearances and eligibility restrictions In response to several weeks’ worth of advocacy efforts with the GSEs and the FHFA to address concerns about financing options for borrowers in forbearance, FHFA announced that some eligibi...